Essent Group Ltd. (NYSE:ESNT) Director Robert Glanville sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $44.88, for a total transaction of $134,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Essent Group Ltd. (NYSE ESNT) opened at $44.90 on Tuesday. The stock has a market cap of $4,410.00, a price-to-earnings ratio of 14.98, a PEG ratio of 1.47 and a beta of 1.15. Essent Group Ltd. has a 52 week low of $28.03 and a 52 week high of $45.22.

Essent Group (NYSE:ESNT) last released its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. The firm had revenue of $150.20 million during the quarter, compared to the consensus estimate of $143.79 million. Essent Group had a net margin of 51.64% and a return on equity of 18.55%. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. equities analysts predict that Essent Group Ltd. will post 3.05 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ESNT. Victory Capital Management Inc. raised its stake in Essent Group by 57.7% during the third quarter. Victory Capital Management Inc. now owns 2,351,264 shares of the financial services provider’s stock worth $95,226,000 after buying an additional 860,300 shares during the last quarter. Vanguard Group Inc. raised its stake in Essent Group by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,826,998 shares of the financial services provider’s stock worth $290,695,000 after buying an additional 655,163 shares during the last quarter. Alliancebernstein L.P. raised its stake in Essent Group by 18.7% during the second quarter. Alliancebernstein L.P. now owns 3,755,887 shares of the financial services provider’s stock worth $139,494,000 after buying an additional 592,824 shares during the last quarter. Koch Industries Inc. bought a new position in Essent Group during the second quarter worth $395,000. Finally, Wells Fargo & Company MN raised its stake in Essent Group by 58.5% during the third quarter. Wells Fargo & Company MN now owns 1,052,044 shares of the financial services provider’s stock worth $42,607,000 after buying an additional 388,455 shares during the last quarter. 82.51% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on ESNT shares. Deutsche Bank AG raised their target price on shares of Essent Group from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Essent Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, September 8th. BTIG Research upgraded shares of Essent Group from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Essent Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $44.00 target price on shares of Essent Group in a research report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.00.

Essent Group Company Profile

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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